Coca-Cola Company has announced that it has completed the acquisition of Nigeria-based Chi Ltd, one of the most innovative and fast-growing companies in the expanding beverage sector in West Africa region.
The food and beverages (F&B) giant had first announced a minority investment in Chi three years ago and, as planned, has now acquired full ownership of the company.
Coca-Cola had in 2016 reached an agreement with Tropical General Investments Group, the holding company for Chi Ltd. for acquiring a 40 per cent stake in the company.
Chi is recognized in West Africa as a leader in expanding beverage categories, including juices, value-added dairy and iced tea.
The company, founded in Lagos, Nigeria, in 1980, produces juice under the Chivita brand and value-added dairy under the Hollandia brand, among many other products.
This acquisition further signals Coca-Cola’s optimism about Africa’s consumer opportunity and a commitment to its long-term investment and growth plan on the continent, where it has been present for more than 90 years.
On the takeover, Peter Njonjo, the president of the West Africa business unit of Coca-Cola, said:
“Coca-Cola is continuing to evolve as a total beverage company, and Chi’s diverse range of beverages perfectly complements our existing portfolio, enabling us to accelerate expansion into new categories and grow our business in Africa.”
“We will support the Chi management team in building on the company’s remarkable heritage and achievements, while using the scale of the Coca-Cola system to replicate their success in more markets across Africa,” he added.
1999 Constitution is a fair constitution – President Buhari
President Muhammadu Buhari has described the 1999 Constitution as fair to all segments of the country.
To justify his position, Buhari cited the fact that each of the 36 states must have a minister representing it in the cabinet.
He also noted that it was for the same reason that Bayelsa, a small state with only eight local governments, would have three senators in the National Assembly, compared to a big state like Kano with 44 local governments, also having three senators.
Buhari spoke in Abuja when members of the Muhammadu Buhari/Osinbajo Dynamic Support Group visited him at the Presidential Villa.
The group, which was led by the National Coordinator, Usman Ibrahim, was one of the many groups that worked for the re-election of Buhari and Vice-President Yemi Osinbajo during the February 23 presidential poll.
The President said, “The Constitution facilitates one thing; that there must be a member of the (Federal) Executive Council from each state of the federation.
“Why I praise the authors of our constitution is that Bayelsa with eight local governments has three senators and Kano with 44 (local governments) has three senators. So, you can’t be fairer than that in the context of one Nigeria.
“Please, try and understand that I appreciate you, you are doing a thankless job; nobody is paying you. You use your resources and time to come together and discuss national issues. I pray God will help us to keep this country strong economically and morally.”
He informed the group that his administration was determined to provide safety to all Nigerians, wherever they reside.
“As leaders in your various communities, I urge you all to take the message back to your communities. It is not about politics, religion or tribe, it is about having a Nigeria where our families will be safe and our children will have plenty opportunities to earn a living and have a comfortable life.”
Earlier, Ibrahim recounted the sacrifices the group made to ensure Buhari won the election, saying there were instances where the members were attacked, while its coordinator in Kwara State paid the supreme price.
He said the members did their work without asking for any financial support from the President, adding that it was because they believed in Buhari to rescue Nigeria.
He added that the group was blessed with many professionals, who could render their services to the administration if given the mandate to do so.
“We, therefore, request that you give consideration to this noble men and women and we promise that we will never let you down,” Ibrahim told Buhari.
#DidYouKnow That Ghana deported 994 Nigerians since 2018?
The Nigerian government has disclosed that 994 of its nationals were deported from Ghana – Abike Dabiri
The Nigerian government did not disclose why they were deported but said 508 of them were deported within the last six months, while 486 were repatriated in 2018.
This was made known by the Senior Special Assistant to President Muhammadu Buhari on Diaspora Affairs, Abike Dabiri-Erewa.
Dabiri-Erewa made the disclosure while meeting a Nigerian professor, Augustine Nwagbara, who was sacked by the University of Education, Winneba, for incitement.
She warned of dire consequences if its nationals are shabbily treated in Ghana and on the African continent.
She said, “It will not go down well on the continent if Nigeria decides to do what they do to Nigerians over there. We demand respect.
“If a Nigerian commits a crime, you should deal with that particular person rather than generalize issues by punishing those who are innocent of the crime.”
Senate confirms Abubakar as commissioner of NCC
The Senate has approved the nomination of Aliyu Saidu Abubakar as non-executive commissioner of the Nigerian Communications Commission (NCC).
Abubakar who is to represent the Northeast geopolitical zone in the commission was rejected in 2016 when Senator Bukola Saraki was the Senate President.
Also confirmed are Eng Uba Maska, executive commissioner (North West) for reappointment, Professor Millionaire Abowei, non-Executive director (South South) and Abdulazeez Mohammed Salman (North Central).
NDLEA gets approval to recruit 5000 personnel
The Chairman, National Drug Law Enforcement Agency (NDLEA), Col. Muhammad Abdallah (retd), says President Muhammadu Buhari has approved the recruitment of 5,000 personnel for the agency to boost its manpower.
Abdallah made the disclosure on Friday at the Public Destruction of Drug Exhibits by Taraba Command of NDLEA in Jalingo.
He said that the gesture would go a long way in improving operations of the agency on a campaign against drug addiction in Nigeria.
He said increased consumption of illicit drugs among the youths in Taraba was worrisome, appealing to families to brace up to their responsibilities.
According to Abdallah, effective drug prevention must involve positive engagement of children, youths and adults with their families, schools, workplace, and community.
He commended Gov. Darius Ishaku of Taraba for his support to the agency in addressing drug problems in the state.
He also commended Mrs. Anna Darius, wife of the governor, for giving great impetus to the war against drug abuse in the state.
The chairman thanked the governor for including NDLEA commandant in the state’s Security Council as well as supporting the agency with operational vehicles.
He noted that the provision of Hope Afresh Foundation, a Non-Governmental Organisation (NGO), managed by the wife of the governor for sensitization against drug abuse was a great boost to anti-drug abuse campaign.
Earlier, Acting Commander of NDLEA in the state, Mr. Peter Odaudu, had said that the agency had assembled seven tonnes (6,963.80 kilograms) of dead weeds and psychotropic substances for destruction.
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